A.
There is hereby established a "Municipal Open space, Recreation, Farmland and Historic Preservation Trust Fund," (hereafter referred as Open Space Fund) which fund shall be administered by the Woodstown Borough Council.
B.
The Borough Council is authorized, by majority vote, to select, acquire, develop, and/or maintain specified lands, easements and/or development rights to open space within the borough in the manner it deems appropriate within the limits set forth below under Section 66-2D., Use of Funds. The Borough Council shall determine the amount of funds to be allocated for each of the various purposes.